FutureMoneyTrends has released an interview with GATA’s Chris Powell & Bill Murphy in which the duo answer common skeptics questions regarding the manipulation of the gold and silver markets by the bullion bank cartel.
Filmed at the recent Cambridge Silver Summit, Murphy and Powell explain how gold has been manipulated throughout the bull market, with Powell explaining that the fact that the Western banks are active in the gold market through leases and swaps is a matter of public record.
Powell & Murphy explain why the gold & silver mining companies have not been promoters of the gold manipulation story or even supported GATA’s work, and discuss the ultimate purpose behind the central banks’ manipulation of gold.
GATA all-star interview on gold manipulation is below:
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You notice how Mr. Murphy stated Sprott talking about Silver $100 to $200 silver…Yet they (Sprott Management) stating to sell silver and buy Platinum.
can you post an article detailing sprott dumping his silver? Thanks.
Sprott doesn’t say sell silver. He still believes its the investment of the decade and there is a lot of decade left. He and they, Sprott, Embry and Rule are all fans of ALL PM’s.
@Canadian-Dirtlump
Right here:
http://www.silverdoctors.com/sprotts-rick-rule-is-it-time-to-sell-gold-silver-and-buy-platinum-palladium/
The consistency in the information about Gold and Silver manipulation coming from Bill Murphy and Chris Powell, and GATA in general, is refreshing. Murphy still indicates he expects to see some major event happening in the Silver market that will push the price up explosively. It is also refreshing that GATA has put Silver in the limelight in recent times, whereas in the past their focus was exclusively on Gold. The same with Jim Sinclair, who now shows the Silver price chart on his website.
The thing about Platinum and Palladium is that these two metals have no long-term historical legacy as money, even if they are very rare and are sought after as jewelry and as industrial commodities. They are not valued like Gold as money, for example, or even like Silver, which has both a monetary and industrial/commercial role. Based upon history, Gold and Silver are universally synonymous with money, and that is why a discussion about a sound monetary system cannot occur without including Gold and Silver as the foundation. Platinum and Palladium could make great investment assets, but for the purposes of restoring the soundness of the monetary system, the focus will always be on the role of Gold and Silver as monetary instruments.
And you just hit the nail on the head why I will only hold gold and silver.
If gold is manipulated, then so is silver. Silver has more demand than gold and it has more uses. The gold to silver ratio is very high compare to the historical ratio. Gold is of course manipulated just like silver.
Only Ag and Au for me. If there is a serious upside to palladium and platinum that is fine but given the history of monetary metals and silver’s industrial demand I am only stacking gold and silver. Those cover my PM prepping, the rest of my money goes to food and medicine preps.
No offense to the other two metals or the people who hold them… I just don’t think in a collapse scenario people will be clamoring for palladium.